State Dept cable 1975-142971

Margaret P. Grafeld Declassified/Released US Department of State EO Systematic Review 06 JUL 2006

Message Text

CONFIDENTIAL

PAGE 01 KINSHA 06649 18I152Z
44

ACTION AE-04

INEO OCT-OI SS-14 ISO-00 SSO-00 NSCE-00 INRE-00 NSC-05

INR-05 CIAE-00 SP-02 L-01 EB-03 TRSE-00 XMB-01 OPIC-02

AID-05 OMB-01 /044W

1II318

O 181145ZJUL 75

PM AMEMBASSY KINSHASA

TO SECSTATE WASHDC IMMEDIATE 3672

CONPIDENTIAL KINSHASA 6649

LIMDIS

E.O. 11652: GDS
TAGS: ECON, EPIN, CG

SUBJ: PIRST HALE BUDGET PERFORMANCE: PUBLIC DEBT PAYMENTS
REF: STATE 167708

DEPT PASS TREASURY, EXIM, OPIC, AID AND 0MB

1 . BUDGET DATA THAT WE RECEIVE PROM TIME TO TIME COMES
ORALLY FROM A DIPLOMATIC COLLEAGUE WHOSE SOURCE IS WELL
PLACED. UNPORTUNATELY, ALL LINE ITEMS DO NOT APPEAR EACH
TIME AND PORMAT IS RARELY CONSISTENT. PUBLIC DEBT PAYMENTS
HAVE APPEARED AS POLLOWS. ALL IN MILLIONS OF ZAIRES.

1ST QUARTER 75 APRIL MAY JUNE
29 1.8 NA# 1.3

#WE ASSUME 1.5

2. 1974 EXPENDITURES ON BOTH OPERATING AND CAPITAL
ACCOUNTS TOTALLED 745, POR AN AVERAGE QUARTERLY SPENDING
RATE OP 186.2. FIRST QUARTER 1975 EXPENDITURES WERE 155,

POR A REDUCTION OF 31.2 OVER THE 1974 QUARTERLY RATE AND
SECOND QUARTER 1975 EXPENDITURES WERE 138, POR A REDUCTION
OP 48.2 OVER THE 1974 RATE. THUS TOTAL PIRST HALE 75
REDUCTION IN SPENDING WAS APPROXIMATELY 79.4 PROM 74 RATE.
CONPIDENTIAL

CONPIDENTIAL

PAGE 02 KINSHA 06649 181152Z

Margaret P. Grafeid Deciassified/Reieased US Department of State EO Systematic Review 06 JUL 2006

Margaret P. Grafeld Declassified/Released US Department of State EO Systematic Review 06 JUL 2006

3. OUR BEST GUESS OF PUBLIC DEBT PAYMENTS DUE FOR ALL OF
1975 IS 150. ON SHAKY ASSUMPTION THAT THESE PAYMENTS ARE
EVENLY DIVIDED BY QUARTER (37.5)-ZAIRE'S PAYMENTS IN FIRST
QUARTER '75 (29) WAS DOWN 8.5 AND SECOND QUARTER WAS DOWN
32.9 FOR A TOTAL ESTIMATED "NON-PAYMENT ON PUBLIC DEBT"

THROUGH FIRST HALF '75 OF 41.4.

4. THUS, WE ESTIMATE GOZ FAILURE TO MAKE PAYMENTS ON

PUBLIC DEBT ACCOUNT FOR SOME 50 PERCENT OF SPENDING REDUCTIONS
SINCE FIRST OF YEAR.

5. FOREGOING ANALYSIS CENTERS ON EXTERNAL PUBLIC DEBT,

BOTH DIRECT AND GUARANTEED. WE KNOW THAT AS OF END JUNE
'75 (KINSHASA 5870) GOZ SAID IT HAD UPCOMING PAYMENTS ON
EXTERNAL DEBT THROUGH END OF YEAR IN AMOUNT 93.8. ADD
PAYMENTS MADE PER PARA I ABOVE AND WHAT WE

FIGURE TO BE PAYMENTS ALREADY MISSED, PARA 3 ABOVE, AND
THE TOTAL COMES TO 168.8-CLOSE ENOUGHT TO OUR ORIGINAL GUESS
OF 150 TO GIVE US SOME CONFIDENCE IN THE ANALYSIS.

ANDREW

CONFIDENTIAL

NNN

Margaret P. Grafeid Deciassified/Reieased US Department of State EO Systematic Review 06 JUL 2006

Margaret P. Grafeld Declassified/Released US Department of State EO Systematic Review 06 JUL 2006

Message Attributes

Automatic Decaptioning: Z

Capture Date: 01 JAN 1994

Channei indicators: n/a

Current Classification: UNCLASSIFIED

Concepts: BUDGETS, REPORTS, GOVERNMENT DEBTS

Control Number: n/a

Copy: SINGLE

Draft Date: 18 JUL 1975

Decaption Date: 28 MAY 2004

Decaption Note: 25 YEAR REVIEW

Disposition Action: RELEASED

Disposition Approved on Date:

Disposition Authority: ShawDG
Disposition Case Number: n/a
Disposition Comment: 25 YEAR REVIEW
Disposition Date: 28 MAY 2004
Disposition Event:

Disposition History: n/a
Disposition Reason:

Disposition Remarks:

Document Number: 1975KINSHA06649

Document Source: CORE

Document Unique ID: 00

Drafter: n/a

Enclosure: n/a

Executive Order: GS

Errors: N/A

Film Number: D750248-0925
From: KINSHASA
Handling Restrictions: n/a
Image Path:

ISecure: 1

Legacy Key: linki 975/newtext/t1 9750743/aaaabmkf.tel

Line Count: 81

Locator: TEXT ON-LINE, ON MICROFILM
Office: ACTION AF

Original Classification: CONFIDENTIAL
Original Handling Restrictions: LIMDIS
Original Previous Classification: n/a
Original Previous Handling Restrictions: n/a
Page Count: 2

Previous Channel Indicators: n/a
Previous Classification: CONFIDENTIAL
Previous Handling Restrictions: LIMDIS
Reference: 75 STATE 167708
Review Action: RELEASED, APPROVED
Review Authority: ShawDG
Review Comment: n/a
Review Content Flags:

Review Date: 02 SEP 2003
Review Event:

Review Exemptions: n/a

Review History: RELEASED <02 SEP 2003 by WorrelSW>; APPROVED <17 DEC 2003 by ShawDG>; APPROVED <17 DEC 2003 by ShawDG>

Review Markings:

Margaret P. Grafeld
Declassified/Released
US Department of State
EO Systematic Review
06 JUL 2006

Review Media Identifier:

Review Referrals: n/a
Review Release Date: n/a
Review Release Event: n/a
Review Transfer Date:

Review Withdrawn Fields: n/a
Secure: OPEN
Status: NATIVE

Subject: FIRST HALF BUDGET PERFORMANCE: PUBLIC DEBT PAYMENTS
TAGS: ECON, EFIN, CG
To: STATE
Type: TE

Markings: Margaret P. Grafeld Declassified/Released US Department of State EO Systematic Review 06 JUL 2006

Margaret P. Grafeld Declassified/Released US Department of State EO Systematic Review 06 JUL 2006